Wednesday, October 19, 2011
Sign a petition to stop unfair bank fees
"The Charlotte, N.C.-based bank said in a regulatory filing the base salary of CEO Brian Moynihan will remain $950,000 for 2011.
His pay package will also include $9.05 million in performance-based stock awards, to be granted Feb. 15. Those shares may eventually be converted into 40 percent cash and 60 percent stock, and earn dividends like regular shares."
"Starting in December, Citi will charge $20 a month on these accounts, unless the customer has combined balances of $15,000 or more in checking, savings and investment accounts or loan balances."
So people who are well to do and can afford to to keep 15 grand in their account won't be charged these extra fees. Another poor tax by the banks huh?